Soy Export Sales Highlights Today’s USDA export sales report was positive for soybeans, but not so much for soymeal and soyoil. Maybe China’s stepped up buying of U.S. soy will result in large sales in coming weeks. Net soybean export sales in the week ending 7 May totaled 655,500 MT for shipment in 2019/20 and 440,000 MT for shipment in 2020/21. The top sales for 2019/20 were for China (274,900 MT), Egypt (111,600 MT), the Netherlands (68,400 MT), Italy (48,600 MT), and Indonesia (45,500 MT). These sales and others were partially offset by reductions in unknown destinations of 182,300 MT. The sales for shipment in 2020/21 were for China (374,000 MT) and unknown destinations (66,000 MT). Soybean exports last week totaled 473,8...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.